Costs are a major issue when a price is established.

Name: Costs are a major issue when a price is established.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Costs are a crucial factor in determining the price of a product or service. The cost of production, materials, labor, marketing, and distribution must be factored in to ensure that the price covers all expenses and generates profit. Therefore, costs are a major consideration when setting a price.

Costs Are a Major Issue When a Price Is Established